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...deflation. The stunning decline in the price of oil gets the business headlines - and has a good-news feel as it helps cash-strapped American consumers the most - but the cost of an entire range of commodities has also plunged in the past quarter: copper, gold, nickel and steel have all fallen as global demand has weakened. One popular gauge of commodity prices, the Reuters CRB Index, tumbled 22.3% in October, the biggest drop in the index's 48-year history. (See pictures of the global financial crisis...

Author: /time Magazine | Title: The Rising Threat of Deflation | 11/6/2008 | See Source »

...hardly surprising, of course: while banks and companies are laying off managers and white-collar staff by the hundreds, heavy industries are laying off blue-collar workers by the thousands. The GAZ auto works in Nizhni Novgorod has shut down its assembly lines; the giant Magnitogorsk Iron and Steel Works in the Urals has placed 3,000 workers on forced leave...

Author: /time Magazine | Title: Economic Darkness Descends on Putin's Russia | 11/3/2008 | See Source »

Until the government settles on a new assessment or action, experts say parents have the option of using BPA-free products - including glass, stainless steel and some innovative next-generation plastics that do not contain the chemical...

Author: /time Magazine | Title: Reassessing the Dangers of BPA in Plastics | 11/2/2008 | See Source »

...pool of which a young stone maiden lay prostate at the feet of a scholarly hero, who held an open book aloft in one strong stone hand. Peace settled over Roxanna. And then, from the eastern corner of her garden, came the earthly, foreboding thunk of a steel spade violating the virgin earth. She lifted her skirts—which were, of course, of white muslin—and sprang toward the source of the offending sound. As she approached, the sound grew louder. The pitiful whisper of soil as it flew, displaced, grated her soul. The hoarse pants...

Author: By Lesley R. Winters, CONTRIBUTING WRITER | Title: The Stable Boy: Chapter 11 | 10/31/2008 | See Source »

...When you think of America, what makes your heart swell with pride and your eyes well up? Is it the idea of steel mills, microwaves, and the Internet? Or is it “American Gothic,” the Lincoln Memorial, and “My Country ‘Tis of Thee?” The fact is that when politicians stopped supporting artists, they stopped supporting the country’s vision of itself. We may have grown as a country since then, but that does not mean we have grown as a culture...

Author: By Jillian J. Goodman | Title: The State of the Art | 10/31/2008 | See Source »

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